Viewing a response to: @jrcornel/btc-the-recent-drop-might-actually-be-bullish
Makes sense. What an intuitive and counter-intuitive business trading is. You need to be not one but two or more steps ahead in your thinking and strategy it seems. Yes the overall trend is bullish now at this point in the cycle, and this dip of almost 10% in an hour is nothing too unusual. And these dips definitely make for a healthier and sustainable climb, as you have explained in more technical detail here.
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Trapping shorts is often the name of the game in order to keep moving higher.
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